The US dollar did rally as stocks charged upward but so far the US dollar rally is a bit subdued! The decline also is very close to the previous “B” wave which doubles as a potential diagonal wave 2. Usually, it can even end up lower but never below any potential diagonal wave 2.
The commercials are still stacked to the bearish side by a ratio of 23:1 which can still force the US dollar to the downside. The media quotes the speculators and what they are doing but the hedge fund speculators always chase the markets and eventually, they get trapped and change directions in a panic.
The Euro is inverse to the USD as it’s inside the US dollar basket. It would be next to impossible for the Euro and the US dollar to soar at the same time.
I apologize to my readers as my postings are very sporadic and they will continue that way, until early 2020 or until I can find a new place I can afford.